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Purchase Activity Up Slightly Despite Shorter Week

(Mortgage News Daily) - 9 months, 4 weeks ago
 Posted To: MND NewsWireThe short business week preceding the Thanksgiving holiday resulted, as usual, in fewer mortgage applications. The Mortgage Bankers Association said its Market Composite Index, a measure of loan application volume, was down 3.1 percent on a seasonally adjusted basis during the week ended November 24, with results adjusted to account for the holiday. On a non-adjusted basis volume fell 34 percent. The Refinance Index was down 8 percent when compared to the week ended Novemb...
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